833 Filmore St · Ottumwa, IA 52501

$99,900

2 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 125 Days on market

Built 1952 5,663 sqft lot $92/sqft · 12% below area Est $93k · 7% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +6.8/10.0
• Schools +4.3/10.0
• ARV discount +4.1/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

Key facts

• New kitchen
• Major appliances
• New cabinetry

Tags

• CORNER LOT
• NEW KITCHEN
• NEW CABINETRY
• MAJOR APPLIANCES
• NEWLY INSTALLED FURNACE
• CENTRAL AIR CONDITIONING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 5.6% in Ottumwa — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#91 in IA, #1,900 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D-, employment D-.
• Ottumwa Community School District (town): math 50% / reading 54% proficiency, ranked #277 of 289 in IA (top 96%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Evans Middle School (math 45% / reading 53%, grade C-, #219 of 246 statewide, top 90%, 1,047 students, 46% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 192 active listings in the ZIP; 44 units permitted in Wapello County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wapello County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $100k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.13%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

• ARV (median comp): $92,946
• List price: $99,900
• Delta: 7.48%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1332 Brentwood Dr	0.03mi	2/1.0	1,056 (-2%)	18mo	$91,000	$86	80
1308 N Van Buren Ave N	0.08mi	3/1.0 (+1)	1,136 (+5%)	8mo	$89,000	$78	76
1335 N Elm St #125	0.27mi	1/2.0 (-1)	1,100 (+2%)	13mo	$125,000	$114	64
6 Country Club Pl	0.74mi	1/1.5 (-1)	1,103 (+2%)	5mo	$125,000	$113	50
1314 N Elm St	0.22mi	3/1.5 (+1)	1,188 (+10%)	21mo	$139,500	$117	48
1016 Grant St	0.74mi	3/1.0 (+1)	1,122 (+4%)	8mo	$75,000	$67	47
1207 George St	0.62mi	3/1.5 (+1)	1,080 (0%)	24mo	$192,400	$178	44
1405 N Jefferson St #5	0.50mi	2/2.0	1,168 (+8%)	20mo	$135,000	$116	42
435 E Alta Vista Ave	0.71mi	3/1.0 (+1)	1,000 (-7%)	13mo	$140,000	$140	38
524 E Alta Vista Ave	0.66mi	2/2.0	974 (-10%)	15mo	$85,000	$87	36
801 N Ash St	0.69mi	2/1.0	983 (-9%)	24mo	$18,000	$18	33
1109 E Court St	0.45mi	3/2.5 (+1)	1,224 (+13%)	16mo	$187,000	$153	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.1%
• Equity multiple: 0.96×
• Total profit: $-1,127
• Equity at exit: $14,895

10-year hold

• IRR: 8.6%
• Equity multiple: 1.66×
• Total profit: $18,471
• Equity at exit: $8,638

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52501

• Active inventory: 192
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,180 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$130 /mo · $1,562/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $236

Break-even live

Break-even rent $881

Max offer price $99,900

Occupancy floor 75%

Sensitivity live

Price	-10% $293	-5% $264	+0% $236	+5% $208	+10% $180
Rent	-10% $143	-5% $190	+0% $236	+5% $283	+10% $329
Rate	-1.0pp $286	-0.5pp $262	base $236	+0.5pp $210	+1.0pp $184

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-07
   status Pending 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

2. 2026-04-23
   price $99,900 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

3. 2026-04-22
   price $105,000 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

4. 2026-04-06
   price $109,000 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

5. 2026-02-18
   price $119,900 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

6. 2026-02-04
   price $123,500 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

7. 2026-01-02
   listed $125,000 Active 918-char remark

   Show marketing remark (918 chars)

   Ideally located at the corner of Filmore and Brentwood and within easy walking distance to Ottumwa Regional Health Center, this two-bedroom home offers an exceptional combination of location, space, and extensive recent updates. Situated on a desirable corner lot, the home features a large living room, two generously sized bedrooms, and a roomy full bathroom with a tub/shower combination, while the brand-new kitchen shines with new cabinetry and major appliances including range, refrigerator, and built-in microwave. Major mechanical updates are already complete with a newly installed furnace and central air conditioning, and curb appeal is enhanced by a new front porch, front door, and new gutters. The attached single-car garage adds everyday convenience, and the full unfinished basement provides abundant storage space along with a small storm shelter, making this a move-in-ready home in a prime location.

8. 2006-08-14
   soldstatus $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $1,562 · $130/mo
• Projected year-2 tax: $1,565 · $130/mo
• Expected delta: +$3/yr ($0/mo · 0.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,154
• − Mortgage interest: −$5,596
• − Property taxes: −$1,562
• − Insurance: −$500
• − Repairs & maintenance: −$1,132
• − Management: −$1,132
• − Depreciation: −$2,906
• Taxable income: $1,326
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $2,515/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ottumwa Community School District
• NCES district ID: 1922110
• Math proficiency: 50% ▼ -9.00%
• Reading proficiency: 54% ▲ 1.00%
• Median HH income: $39,864
• Composite: 43.46/100
• National rank: #3004
• State rank: #277 of 289 in IA

Livability — Ottumwa

• Score: 80/100
• State rank: #91
• US rank: #1900

Category grades

Amenities C Commute A Cost of living A+ Crime D- Employment D- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ottumwa, IA
• Population (ZIP): 30,341

Population outlook (Wapello County) Hauer SSP2

• Today (2025): 35,472 people
• By 2030: 35,563 · +0.3%
• By 2040: 36,083 · +1.7%
• By 2050: 37,287 · +5.1%
• By 2075: 43,898 · +23.8%
• By 2100: 52,973 · +49.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 7% Black 4% Pacific Islander 2% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Iranian 4% Italian 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 84% English-only · Spanish 10% Other Asian/Pacific 3% Tagalog/Filipino 1%

Political lean MEDSL · Wapello

• 2024 margin: Solid R (+31.4) · D 33.6% · R 65.0% · Other 1.4%
• 2008→2024 swing: -45.0pp toward R · 2008: 13.5pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+23.6 2016: R+20.8 2012: D+11.8 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.66%
• Current HPI: 174.6021
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+185.4% since first listed

8 events — show timeline

• 2026-05-07 Pending — IAR
• 2026-04-23 Price Changed $99,900 IAR
• 2026-04-22 Price Changed $105,000 IAR
• 2026-04-06 Price Changed $109,000 IAR
• 2026-02-18 Price Changed $119,900 IAR
• 2026-02-04 Price Changed $123,500 IAR
• 2026-01-02 Listed $125,000 IAR
• 2006-08-14 Sold (Public Records) $35,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,562 · +5.3% YoY. Source: county tax records.